Dan is a business journalist who previously worked for various local newspapers and industry publications. He also worked for two years in Beijing as an editor at China Daily. A graduate of the University of Missouri-Columbia, he has written about banking, local governments and the legal profession, among other subjects. He now covers how politics, policy and regulation affect the financial planning industry.
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The gains in assets under management come as the banking giant continues to add to its advisor headcount.
January 12 -
Industry group warns that the change to employment status criteria could put up further barriers to Americans' obtaining financial planning services.
January 11 -
Millions of dollars are at stake for dozens of former employees — but the case also raises questions about the federal law governing retirement plans.
January 10 -
The broker-dealer industry's self-regulator warns of risks also related to cryptocurrencies and off-channel communications.
January 9 -
At least one industry consultant thinks the large fintech provider has lost its "innovative spirit" since Bill Crager took over from his fellow founder in 2019.
January 8 -
Amid high interest rates, publicly traded real estate investment trusts have been pummeled the last two years. Analysts meanwhile think their private cousins are in for further correction.
January 4 -
The broker-dealer self-regulator accused the firm of failing to properly record more than 830,000 transactions, among other violations.
January 2 -
Without inflation adjustments to income and net worth criteria, the number of people who qualify to put their money into sophisticated and risky investments has skyrocketed.
December 28 -
Finance gurus see the coming 12 months as a time to dilute concentrations in cash and large firms' stock and consider emerging markets and small caps.
December 27 -
It's cheers for pro bono advisors and people working to diversify the industry, and jeers for planners who defraud the elderly and big firms that let their regulatory responsibilities slip.
December 24 -
Industry watchdogs weren't concerned only about hot topics like artificial intelligence and cybersecurity but also remote work policies and the ability of brokers to clear their names.
December 22 -
Electronic messaging, Reg BI, crypto and fraud all appeared at the top of regulators' agenda this past year.
December 19 -
As it seeks to bolster its U.S. presence, the Canadian bank's wealth management subsidiary has been one of the most active recruiters in the industry in recent years.
December 18 -
The plaintiff in the class-action suit notes that returns at rival institutions rose when inflation started driving prices up last year. Her rates did not.
December 14 -
Recruiters see the banking giant's offering as central to its bid to retain top teams and prevent them from going independent.
December 13 -
Bans on working at brokerage firms don't lead to prohibitions on acting as an RIA as often as one might think.
December 12 -
The restructuring is further evidence of the megabank's commitment to adding to its stable of branch-based advisors.
December 8 -
Some think lending to businesses outside the banking system can reap outsize rewards for advisors who are willing to do their homework.
December 7 -
Higher earnings potential but short careers for top-class athletes continue to warrant special attention from planners.
December 6 -
A new report finds that contract clauses forcing investors' cases into private forums too often stack the deck in favor of firms.
December 5
